Latest news with #WDC
Yahoo
8 hours ago
- Business
- Yahoo
Western Digital (WDC) Stock Falls Amid Market Uptick: What Investors Need to Know
Western Digital (WDC) ended the recent trading session at $67.06, demonstrating a -2.44% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw a decrease of 0.39%. Prior to today's trading, shares of the maker of hard drives for businesses and personal computers had gained 13.85% outpaced the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 5.88%. The upcoming earnings release of Western Digital will be of great interest to investors. The company's earnings report is expected on July 30, 2025. On that day, Western Digital is projected to report earnings of $1.47 per share, which would represent year-over-year growth of 2.08%. Our most recent consensus estimate is calling for quarterly revenue of $2.45 billion, down 34.79% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.73 per share and revenue of $9.37 billion. These totals would mark changes of +2465% and 0%, respectively, from last year. Investors should also take note of any recent adjustments to analyst estimates for Western Digital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.45% upward. Western Digital presently features a Zacks Rank of #1 (Strong Buy). In terms of valuation, Western Digital is presently being traded at a Forward P/E ratio of 11.78. This signifies a discount in comparison to the average Forward P/E of 13.9 for its industry. The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 69, placing it within the top 28% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Western Digital Corporation (WDC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Otago Daily Times
15 hours ago
- General
- Otago Daily Times
Reserve's grazing licence to be reduced
After a Waitaki District Council meeting recently noted passionate community views on both sides, it decided to agree with the Waihemo Community Board's suggestion on how to deal with the Waihemo Recreation Reserve. After some debate the council resolved that the progressive rehabilitation of the Puketapu/Waihemo Recreation Reserve, as proposed by the Waihemo Community Board, proceeds, and that the current grazing licence to occupy be reduced by about 20ha as agreed with the licensee to assist with the progressive rehabilitation of the reserve. The council will now delegate to the chief executive the authority to negotiate and undertake necessary actions for the renegotiation of the licence to occupy, and renewal terms "that allow sufficient notice for the lessee, but align with the eventual re-establishment of the entire reserve". The entire Waihemo Recreation Reserve has been grazed for more than 100 years, with a licence arrangement in place that is held month by month. The reserve contains unique vegetation and is proposed to be zoned a Significant Natural Area in the draft district plan. Waitaki District Council has a project in partnership with the Puketapu Community Trust to create a formal track up Puketapu Maunga via the reserve. The trust also plans to carry out pest control and restoration work on the reserve. Grazing of deer is considered inconsistent with the requirements of the Reserves Act and should eventually be retired, a district council document says. "However, a rapid retirement of the land from grazing could result in an increase in invasive pest species." This month-by-month arrangement allowed for community consultation to occur around further grazing of the recreation reserve, a WDC statement said. "The Reserves Act 1977 requires that council consults with the community around its intent in issuing a licence or lease. WDC advertised its intent in issuing a grazing licence for part of the Waihemo Recreation Reserve in February, receiving 112 submissions with 55 submissions supporting the issuing of a grazing licence and 55 against. "The council's hearing committee assessed the submission and recommended a reduced licence area would work in with the proposed development of the walking track up to Puketapu. "The access to the summit is a key project for the Waihemo community, so this approach will allow for that work to continue along with pest control and planting."
Scoop
15-07-2025
- Business
- Scoop
Ruapehu And Whanganui To Form Joint Water Services Entity
Ruapehu District Council (RDC) will join with Whanganui District Council (WDC) to form a two-council Water Services Council-Controlled Organisation (WS-CCO) to deliver future water services under the Government's Local Water Done Well reform programme. RDC had voted to support the two-council WS-CCO model at its meeting on 9 July, with the decision contingent on WDC confirming its preference to partner with Ruapehu. That confirmation came today, with WDC elected members voting 8–5 in favour of the joint model. Chief Executive Clive Manley welcomed the confirmation and said it was an important milestone that enables both councils to begin work on the detailed planning and implementation. 'This has been a long and complex process, and a significant amount of work has gone into getting us to this point,' said Mr Manley. 'Now that we have clarity and agreement from both councils, staff can progress the necessary steps to implement the new water services delivery model. Until we had confirmation of our partner council, there were key aspects we simply couldn't move forward on.' The immediate priority will be the development of a joint Water Services Delivery Plan (WSDP) with WDC. This plan must demonstrate how the proposed two-council WS-CCO meets the Government's legislative requirements - particularly around financial sustainability - and must be submitted to the Minister of Local Government for approval by 3 September 2025. 'Given ministerial approval of the WSDP, Council staff will be working closely with Whanganui to operationalise the new WS-CCO as quickly as possible,' said Mr Manley. 'The target is for the WS-CCO to be fully operational by mid-2027. In the meantime, water users in Ruapehu will continue to be serviced by our existing provider, Veolia, with no change to service levels.' Mr Manley noted that WDC had also voted to include stormwater services in the new WS-CCO. Ruapehu is still considering whether to transfer its stormwater services or retain them in-house. This decision will not impact the establishment of the WS-CCO. 'We'll make a decision on stormwater in due course, but it doesn't prevent us from moving forward with the rest of the WS-CCO implementation,' he said. Mr Manley added that this partnership builds on the strong history of collaboration between the two councils. 'This new water services partnership adds to a growing list of shared services between Ruapehu and Whanganui. Both councils are committed to continuing to explore opportunities that improve efficiency and reduce costs for our communities.'
Globe and Mail
14-07-2025
- Business
- Globe and Mail
Western Digital to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on July 30, 2025
Western Digital Corp. (Nasdaq: WDC) plans to announce its fourth quarter and fiscal year 2025 financial results after the market closes on Wednesday, July 30, 2025. The company will host a conference call with the investment community to discuss these results on July 30, 2025, at 1:30 p.m. Pacific/4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at About Western Digital Western Digital empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted by hyperscale cloud providers, enterprise data centers, content professionals and consumers around the world. Core to its values, the company recognizes the urgency to combat climate change and is on a mission to design storage technologies that not only meet today's data demands but also contribute to a more climate-conscious future. Follow Western Digital on LinkedIn and learn more at © 2025 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
Otago Daily Times
12-07-2025
- Politics
- Otago Daily Times
Building's status angers candidate
Mel Tavendale. PHOTO: ODT FILES Ten years is too long to have waited for a resolution to the ongoing saga of the unused former RSA building, Waitaki mayoral candidate Mel Tavendale says. "It is past time RSA land status was sorted out. "This iconic building has been stuck in limbo and is steadily deteriorating. I strongly believe the council needs to sort it out once and for all. "The building has become a liability to ratepayers and appears no closer to being usable than it was 10 years ago." In 2015 the North Otago RSA went into liquidation and the Oamaru stone building in Itchen St was vested in the Waitaki District Council. The building had asbestos removed and was being prepared for renovation when the council became aware that it was covered by the Oamaru Town Hall and Gasworks Sites and Recreation Reserve Act 1875, prohibiting the lease of the land that the building sits on. "Until this Act is overturned, the building cannot be leased or sold, and is being used as an expensive storage shed," Mrs Tavendale said. "I have pushed for too many years for this to be prioritised by the council's property department, but it was always left on the back burner." The RSA building is identified in the WDC property strategy as "not supporting council's operational, strategic or commercial objectives" and the strategy recommended "council officers undertake further investigation and analysis ... to determine the feasibility of retaining [it] or the benefits of disposal". She believes the building does not meet the council's objectives for allocation of staff time or funds, yet the feasibility of it still needs to be determined by staff. "The result? No change to the situation; the stalemate the building has been in for the past decade remains. Council has sunk a huge amount of time and money on this building, but without a project or plan for its future that money will be wasted. "I don't want to see such an iconic building un-maintained, unable to be used, and put in the 'too hard' basket," she said. "The gasworks Act can be overturned with a reserves and other lands disposal Bill to Parliament. I believe the council needs to communicate with the community what the hold-up is, and what is happening. "The council does not have to fund any project, but they do need to get the land status sorted so it can have a future." Last week, the WDC approved its long-term plan which includes $200,000 funding over two years to sponsor a proposed local Bill, which would require the support of Waitaki MP Miles Anderson in Parliament to resolve the issues around past Acts that prohibit the use of council land. "The huge cost of addressing this is another example of bureaucracy gone mad. Central government criticises councils over excessive red tape, yet their own processes have made a simple change of land status an incredibly expensive process."
